The U.S. government will soon review a deal between TikTok and Oracle to decide whether the Chinese-owned video-sharing app can be converted into a U.S. company without compromising national security, Treasury Secretary Steven Mnuchin said on Sept. 14.
Mnuchin, confirming that the app’s parent company ByteDance has chosen the California-based technology firm’s offer over a bid from Microsoft, said the U.S. administration would need to review the sale proposal as the Sept. 20 deadline draws near.
